The Case for Legalizing Capitalism by Kelly, Kel -- Read -- Imperial Library of Trantor

Index

Cover Title Page Copyright Dedication Preface Contents Introduction Part One: The Foundations of Our Economy

Chapter 1: Labor: Workers Of The World Unite -- and Shoot Yourselves In The Foot

What is an Economy and How Does it Work? How We Progress as an Economy Real Wealth Profits Don't Really Exist Capitalist Exploitation of Workers: The Myth Capital Structure as the Driving Force of Rising Wages How Wealth Redistribution Harms the Poor How Government Creates Unemployment with Minimum Wage Laws How Government Creates Unemployment by Sponsoring Union Coercion How Other Government Regulations Create Lower Wages and Unemployment Why Sweatshops, Child Labor, and Dollar-a-Day Wages Should Be Embraced The Notion of Inequality: Our Achilles's Heel

Chapter 2: Trade: What It Is And How It Works

The Basics of Trade Domestic/Local Trade (Domestic/Local Specialization) Don't Buy American -- Buy What's Best We Don't Need Energy Independence The Economic Threat from China Trade Deficits Don't Persist in Free Markets Who is "We" and Who is "Us"? The Misconceived Notion that Trade Surpluses are Ideal Does Trade Harm Poor Countries? Restrictions on Trade Globalization Economic Arguments Against Globalization Outsource Everything Possible What About the Lost Jobs? Free Trade is Good

Part Two: Regulation

Chapter 3: Inflation: The Printing Of Money Is The Root Of Most Evil

The History of Banking Central Banks: Creators of Money "Out of Thin Air" How New Money Causes Inflation How Printing Money Constitutes Theft and Forced Wealth Redistribution The Inflation Rate: Lies, Damn Lies, and Statistics Bet You Didn't Know That This Was Inflation! Alternative Excuses Offered for Rising Prices How the Government's Central Bank Creates Recessions and Financial Crises

The Creation of Recessions A Monetary Perspective of Recessions A Recession's Aftermath The Creation of Financial Crises

Consequences of a Financial Implosion International Financial Crises The Crazed Desire for Price Stability Stop the Insanity!

Chapter 4: Regulation: The Helping Hand That Harms

How Anti-Trust Regulation Brings About Monopolies

Trust-Busting What is a Monopoly? Why Harmful Monopolies Can't Exist Predatory Pricing The Only Real Monopolies -- Government Monopolies

Regulation of the Financial Industry Regulation of the Shrimp Industry Government Price Controls

In Praise of Price Gouging The Worldwide Food Shortage The Gasoline Crisis of the 1970s A Personal Example Rent Controls Pay Day Loans

Regulation of the Healthcare Industry

The AMA Monopoly Do We Need To Be Protected? Healthcare "Insurance" The Quality and Cost of Our Regulated Healthcare Socialized Medicine Only Free Markets Can Solve the Healthcare Crisis

Regulation of Local Government Services Regulation of the Airline Industry Regulation of the Oil Industry Hurricane Katrina Abolish All Regulation

Part Three: Government Control Versus Free Markets

Chapter 5: The Evil Corporation

Capitalism's Good Deeds Do Businesses Gain At Our Expense? Are Profits Bad? Profits Benefit Buyers and Regulate Companies Should Profits Be Shared? More Capitalism Means Lower Profits Do Some Gain at the Expense of Others? Are Businesspeople Evil? Big Businesses Start Small Corporate Social Responsibility: A Sham Businesses are the Hands That Feed Us Walmart: The Quintessential Evil Corporation

Destroying the "Mom and Pops" Walmart's Receiving of Government Subsidies Walmart Anti-Unionism Low Wages Executive Pay far Exceeds Worker Pay Walmart Sells Cheap Products from Red China Walmart's Lacking Healthcare Coverage Walmart Is Too Big and Powerful Survival of the Fittest or Unfittest?

Chapter 6: When Capitalism Is Taken Away

The Great Depression: Government's Creation

What Created the Onset of the Depression? The Economy Under Hoover The Economy Under Roosevelt

The Roman Empire: From Economic Triumph to Economic Disintegration Communism: Equality at Its Finest

Socialists Can't Calculate Communism Results in Suffering Social and Economic Restrictions Under Socialism Rule by Terror

The Audacity of Defending Communism Economic Freedom in Various Countries

Part Four: Special Topics and Considerations

Chapter 7: The Morality Of Capitalism

Do Socialists Really Care About Others First? Capitalists Are Not Greedy, You Are Materialism and Money The Immorality of Democratic Voting The Delusion That There is Need for Wealth Redistribution The Flawed Notion of "Giving Back to Society" How Anti-Inequality and Anti-Poverty Policies Cause Inequality The Poor

Who Are The Poor? More on the Minimum Wage The Failure of Anti-Poverty and Wealth Redistribution Schemes Real Solutions to Poverty Living on an Income Lower than that of a "Living Wage" Helping the "Real" Poor

It's Never Enough An Unsustainable Economy

Chapter 8: War And Patriotism

The Civil War Is Secession A Bad Thing? Respecting the Borders of Other Countries World War I The Politicians' Need for War The Economic "Need" for War World War II America's World Dominance The Middle East Today How to Start a War The Need for War and the Terrorist Threat Why Not Stop Our Part of the Terrorism? Patriotism

The Ills of Democracy and Political Parties The Patriotism of Politicians

A Proposal to Divide Up a Nation

Chapter 9: Environmentalism -- at Any Cost

The Problem of Disinformation The Politics of the Environmental Movement Environmental Issues and What to Do About Them

Forests Air Pollution Natural Resources and Sustainability Water Population Growth Recycling

A Category of its Own: Global Warming What Should Be Done About Global Warming? There Are Better Ways to Fight Global Warming Most Environmental Problems Can Be Solved With Property Rights Environmental Degradation Worst in Places with Weakest Property Rights Choose Life, Not Environmentalism

Part Five: Putting it All Together

Chapter 10: Socialist / Government Economic Policies

Planning Our Economy The Meaninglessness of GDP as an Economic Indicator The Keynesian Multiplier The Supposed Failure of Lower Wage Rates to Create Full Employment The Keynesian Explanation for Why There Cannot Be Full Employment Liquidity Preference Profits Rise, Not Fall, With More Investment Keynesian Self-Contradiction on Profits The Accusation that Savings is Destructive Government Spending of our Savings Why Recessions Remain Recessions Printing Our Way Out of Recessions Why are Keynesianism and other Socialist Policies So Popular? Free Market Fantasy Only YOU Can Prevent Socialism and Economic Regression

Chapter 11: Political Quotes and News Blurbs

"Amazon pays $1,500 in daily fines..." "Bush: US is Not Headed Into Recession" "Bill Gates Issues Call For Kinder Capitalism" "Some Chavez Allies Slow to Shed Luxuries" "Obama: China is Rising and It's Not Going Away..." "Peru's Fujimori Gets 25 years Prison For Massacres" "German City Wonders How Green Is Too Green" "Many Doctors Plan to Quit or Cut Back..." "Putting Money in the Hands of Unemployed..." "FDIC Warns US Bank Fund May Tank" "Fed Plans New Rules to Protect Homebuyers" "How Feds Invited the Mortgage Mess" "Giuliani Offers Health Care Plan" "Edwards to Crack Down on Wealthy Who Skirt Paying Their Share of Taxes" "N. Korea's Kim Jong Il Makes Rare Election Pitch" "I stand with the writers... " "France Brings Line Dancing Under State Control" "South Korea's 'Prophet of Doom' Indicted"

Bibliography Index About the Author

← Prev
Back
Next →

← Prev
Back
Next →